weslad

Bitcoin in Potential Bat formation

Long
weslad Updated   
BINANCE:BTCUSDT   Bitcoin / TetherUS
As we can recall after the formation of double bottom price has been holding above the the previous low.

With this we can pinpoint potential bat formation in progress.

Kindly follow the suggested accumulation zone on the chart and always remember to apply stop loss.

BLUE: POSSIBLE ENTRY ZONE
GREEN: SELL TARGETS

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Note:
It will be good to always understand risk involve in trading. Always trade with stop Loss in place.

Set up an entry/exit strategy for every trade, with good risk/reward ratio.
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Here is what I think presently on BTC, look like we find strong support at 3400 zone.

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We break away from this Bull flag

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price attempting re-test of previous level

we should keep an eyes at 3550-3570 level for possible reversal

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Some of my previous view

Bitcoin in possible Ascending Broadening Wedge

Bitcoin Double bottom with flag formation


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BTC must find support and stay above 3500$ for all my bullish view to work. Fingers crossed we find bottom at 3537$ let see how this develop

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To those that follow the chart clsoely, BTC took the drive down to our provided entry zone.

Let see what next now.

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Gartely formation in progress

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